Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.

The U.S. dollar turned modestly lower late Wednesday, as foreign-exchange investors continued to track developments in trade, including White House remarks that Canada and Mexico could benefit from potential exemptions from tariffs on national security grounds.

News about top economic adviser Gary Cohn, a former Goldman Sachs executive widely regarded as a steady hand in the Trump administration, resigning arrived late Tuesday, rattling the dollar.

What are currencies doing?

The ICE U.S. Dollar Index
DXY, +0.02%
a gauge of the greenbacks performance against six rivals, was little changed in negative territory at 89.577. The index on Tuesday fell 0.5%, according to FactSet data.

Read: Dollar hedging is more expensiveand that makes the U.S. less attractive to foreign investors

The WSJ U.S. Dollar Index
BUXX, -0.04%
which tracks the dollar against 16 rivals, was little changed at 83.47.

The dollar remained lower against the Japanese yen
USDJPY, -0.11%
as it bought 楼106.05, compared with 楼106.12 late Tuesday.

The euro
EURUSD, +0.0000%
rose to $1.2412, from $1.2404 on Tuesday.

The British pound
GBPUSD, +0.0216%
traded at $1.3903, little changed from $1.3888 in the prior session.

The dollar remained higher versus the Canadian dollar
USDCAD, -0.1936%
, but pared some of its gains following the news of potential tariff exemptions for Canada and Mexico. One buck last bought C$1.2901, up from C$1.2878, but lower versus the session high of C$1.3002 a fresh eight-month high.

The Mexican peso
USDMXN, -0.2512%
reversed course and strengthened against the greenback on the exemption headlines, with the dollar last buying 18.7183 pesos, down from 18.7397 pesos late Tuesday.

Read: These currencies have the most to lose as Trump prepares tariffs

Whats driving the markets?

The dollar spent most of Wednesday recovering from the losses it suffered late Tuesday following reports that Cohn will be leaving his role as the head of Trumps National Economic Council. Cohn is seen as the driving force behind U.S. corporate tax cuts that were signed into law last year.

But Cohn opposed Trumps plan to impose tariffs on global steel and aluminum imports into the U.S. The European Union said Wednesday it has been circulating a provisional list of U.S. products it could hit with levies if Trump unveils his tariffs. The final version of the tariffs is expected to be announced later this week.

Read: We can also do stupidEU leader responds to Trumps tariff plan

Late Wednesday, the White House said that Canada and Mexico which are partners with the U.S. in the North American Free Trade Agreement, which is currently being renegotiated could potentially get exemptions from the tariffs on national security grounds.

Read: Tariffs raise the odds of U.S. terminating Nafta: Goldman Sachs

Also read: Heres what worries currency traders after Europes big political headlines

Canada would be hit hardest by its neighbors tariffs, as it is the largest exporter of steel and aluminum to the U.S. The Bank of Canada, which left its key interest rates unchanged on Wednesday, said recent developments in trade policies were worrisome for global and Canadian economic growth.

Investors are viewing [Cohns] resignation as a sign the U.S. could be heading for a trade war, said David Madden, market analyst at CMC Markets U.K., given Cohns stepping down comes at a time when the president is talking about imposing tariffs on imported steel and aluminum. The possibility of a protectionist stance from the White House flies in the face of Mr. Cohns free-market views.

While no change is expected to the overnight rate (hike probability is only 13%, according to interest rate swaps), all eyes will be on the [Bank of Canadas] rate statement and any change in tone especially regarding the recent softening of Canadian macro data as well as the current spat regarding trade tariffs with the U.S., said analysts at Caxton FX.

Whats on the economic calendar?

A lengthy lineup of data started with the ADP employment report for February, which came in at 235,000, compared with 234,000 previously.

The January trade deficit widened by 5% to $56.6 billion, almost a 10-year high, compared with the MarketWatch consensus estimate of $55.2 billion.

U.S. productivity was flat in the fourth quarter of 2017, while unit-labor costs rose 2.5%, exceeding the consensus estimate of 2.2%.

The Federal Reserves Beige Book report showed steady modest to moderate growth in the U.S. in January and February, as well as building inflationary pressures.

Consumer credit for January fell to $14 billion, compared to $19 billion before.

Check out: MarketWatchs Economic Calendar

There were two Federal Reserve officials on the speaker list Wednesday. New York Fed President William Dudley was to talk about the impact of the hurricanes to the Puerto Rico Chamber of Commerce in San Juan, and Atlanta Fed President Raphael Bostic was scheduled for a fireside chat on economic outlook in Fort Lauderdale, Fla.

If one is to truly allege that the digital asset is little more than a massive ploy to defraud unwitting investors of their money, la Bernie Madoff, then one must admit that the entire stock market itself is one giant hustle, too.

Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.

In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox (Pending:DBX), a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after,

U.S. stock futures moved sharply higher on Monday, indicating Wall Street may extend gains seen late last week after data showed a strong increase in jobs created, but weaker-than-forecast wages. Dow futures